Budweiser chart looks constructive expect some Clydesdales advertising over the summer with strong American branding! The outrage over the recent debacle will pass as thee news cycle has already passed :)
Anheuser-Busch InBev (NYSE:BUD) reported Q1 CY2024 results that exceeded analysts' expectations, with revenue up 2.3% year on year to $14.55 billion. The company made a GAAP profit of $0.54 per share, down from its $0.81 per share in the same quarter last year. Brand strength, marketing strategies, and shifts in consumer preferences influence the company's...
If you haven`t sold BUD`s Double Top here: Then analyzing the options chain and the chart patterns of BUD Anheuser-Busch InBev SA/NV prior to the earnings report this week, I would consider purchasing the 60usd strike price Calls with an expiration date of 2024-6-21, for a premium of approximately $2.10. If these options prove to be profitable prior to the...
Scallop pattern has formed on the daily. It hasn't created the pattern fully and a breakout is important to wait for. The problem is before the Scallop there was an extended Rectangle pattern with a little range. This box formation could take place again as companies tend to have their own trading personality. Until the breakout occurs, it's a risky position...
Anheuser Busch InBev is showing a very similar pattern compared to a lot of other stocks I have reviewed as of lately. Overall clearly in a downtrend with a very significant drop. Based off current candles, recent channel top and ema dots, I think we could go towards the green level of support for about a 5% move. You will then look for the indicators to align...